The Indium Corporation of America 401(k) Review & Grade
Indium Corporation of America Employees' Profit Sharing and 401(k) Plan
Clinton, NYManufacturing1,041 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,404Employer $ per active participant
$5,891Employee $ saved per active participant
0.33%Direct admin cost, % of plan assets
$103.1MNet plan assets, end of year
$86,594Average balance per account
Score breakdown
- Employer generosity34.0 / 5068th percentile for employer $ per participant
- Low cost9.2 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving9.4 / 1562th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 68th |
| Lower admin cost | 37th |
| Employee saving | 62th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Indium Corporation of America put in about $3,404 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $3,543,122 |
| Participant (employee) contributions | $6,132,151 |
| Other contributions (incl. rollovers in) | $610,405 |
| Administrative expenses paid from the plan | $332,020 |
| Investment advisory & management fees | $179,582 |
| Benefits paid out | $14,592,349 |
| Net assets, start / end of year | $96.0M / $103.1M |
| Active participants, start / end of year | 1,065 / 1,017 |
| Participants with account balances | 1,191 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Grossman ST. Amour |
Largest service providers (Schedule C)
| Strategic Financial Services | $179,582 reported compensation |
| Empower Life & Annuity Insurance | $152,438 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014071357NAL0001083011001, received 2025-10-14, EIN 76-0705251, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.